Chairman Mary L. Schapiro's opening statement before the U.S. Securities and Exchange Commission (SEC) open meeting stated that the SEC is  considering a series of proposals that would considerably bolster the regulatory framework regarding nationally recognized statistical rating organizations (NRSROs).  

The SEC is also considering a recommendation to propose a ban on the practice of flashing marketable orders. According to Schapiro's statement, flash orders offer a momentary head-start in trading that can produce inequities in the markets as well as create disincentives to display quotes.

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